Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.
ReAssure Group has revealed its intention to publish a registration document and its potential intention to float on the London Stock Exchange (LSE).
The number of in-force group risk policies rose by 3.3% in 2018 to 76,906, with nearly 13 million people now insured, Swiss Re's 2019 Group Watch figures reveal.
The number of people covered by employer-sponsored group risk policies increased by 3.1% in 2017, Swiss Re's Group Watch 2018 reveals.
Partnership has hired Costas Yiasoumi to fill the newly-created role of director of defined benefit (DB) solutions as part of plans to strengthen its enhanced bulk annuity business.
The Aviva Staff Pension Scheme has secured the largest longevity swap written so far, in the first UK deal to dispense with a traditional intermediary.
Legal & General Investment Management (LGIM) has created a client strategy team, aimed at boosting delivery of its integrated de-risking solutions.
BAE Systems has agreed a £3.2bn longevity swap to cover 31,000 pensioners, in the UK's largest pensions insurance transaction.
Jack Jones analyses the latest trend in the longevity swap market.
The LV= Employee Pension Scheme has entered into an £800m longevity swap with Swiss Re to hedge the longevity risk associated with more than 5,000 members.